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It's been over a decade since cryptocurrency has started to fascinate people over social media and particularly over the internet. Bitcoin has been able to rank among the top cryptocurrencies as we speak, nobody knows about the actual origin of the currency nonetheless it popped up in mid 2008 related to a Japanese pseudo name "Satoshi Nakamoto".

So, what exactly is this Bitcoin Currency and why has it been able to sustain its place in the monetary markets. Well, the next listed reasons could offer you an idea of its well-likedity and a piece of proof as to its continued safe future existence.

Bitcoin is the first decentralized digital currency.

Bitcoin is an independent free-floating currency which is neither owned by any government nor associated with any other currency for it to influenced worth smart by the financial indicators that govern the value of traditional currencies.

With its growing commonity among the many lots, it now enjoys an elevated level of acceptability at all levels, as an example, you can now buy stuff with Bitcoin cryptocurrency directly and also trade it at completely different platforms equivalent to CoinBase, Bitfinex, Bitstamp, Kraken and more.

All you need is a wallet and an internet connection to make a peer to peer Bitcoin transfer.

In most cases the transfers are instantaneous.

The comfort of making transactions over the internet or your mobile phone with a few clicks.

Your privateness is secure as compared to different modes of payments over the internet where your vital information may be leaked and misused.

While transferring money via the standard methods it's important to pay fees relying on the amount of your transactions and additional, these transfers are topic to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be certain by any state rules and additionalmore, you don't incur heavy charges on the transactions.

Since you're the only one who has access to your digital wallet, your coins are always safe with you and no one can steal your money. The process and transactions are transparent as a result of shared public ledger and anybody can confirm a transaction at anytime from anyplace around the world utilizing the internet.

One other advantage of having a Bitcoin cryptocurrency wallet is that your account cannot be frozen.

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